New release of pForecast – Well dependencies
New release of pForecast – Well dependencies The latest update to pForecast introduces Well Dependencies, a feature designed to enhance the realism and accuracy of production forecasting. This feature allows users to interconnect the production schedules of multiple wells. Thereby, this will better reflect the actual operational shifts that occur in the field. Traditionally, production […]
New release of pForecast – connecting to a customer database
New release of pForecast – connecting to a customer database Our latest release of pForecast brings exciting new features to our users. With a focus on enhancing the user experience and efficiency when importing production history to pForecast. Here’s a summary of the key updates: Production Data Mart (PDM) Integration: We are particularly proud to […]
New pForecast feature; Facility-2-Facility
New pForecast feature; Facility 2 Facility We would like to highlight a new feature that we launched in pForecast in early July 2023. It is the possibility of connecting one facility to another on the asset level. In the oil and gas industry, it is common to find multiple production facilities within a single asset. […]
Cluster gathering with GCE Ocean Technology
Cluster gathering with GCE Ocean Technology We look forward to being a part of this year’s cluster meeting with GCE Ocean Technology in May! Ocean Innovation Lab is taking place on May 25-26 at Solstrand Hotell & Bad. This cluster meeting aims to define larger collaboration projects to accelerate the energy transition and increase exports […]
Meeting up with Goodtech, Bergen department
Meeting up with Goodtech, Bergen department In a world where climate change and global warming present a significant threat to the planet, renewable energy has become a necessity. Renewable energy is an energy source that is replenished naturally and promptly, such as wind, solar, hydropower, biomass, and geothermal. While traditional energy sources such as oil, […]
Experience the power of pForecast for FREE
Experience the power of pForecast for FREE On our new web page, Try pForecast, we have provided information on how our prospective users may try out pForecast. We highly recommend beginning with scheduling a demo with our product experts. This will provide you with a guided tour of the tool and its capabilities. If you […]
Powersim Software cruised along to Hywind Tampen at Sløvåg
Powersim Software cruised along to Hywind Tampen at Sløvåg We want to extend our appreciation to GCE Ocean Technology, Equinor and DnB for organising an unforgettable boat trip to experience the world’s largest floating wind park, Hywind Tampen. The Vision of the Fjords tour provided us with an up-close view of the floating turbines at […]
Effect of rig availability and non-drilling plans on drilling schedules
This article explains how pForecast allows users to input drilling plans and consider the effects of rig availability and non-drilling periods on future production. The rig availability factor is entered as a percentage in pForecast and influences the drilling schedule performance. Meanwhile, non-drilling periods with fixed start times and uncertain duration can be inputted as […]
New release of pForecast
New release of pForecast We’re thrilled to share that the latest release of pForecast is now available, packed with powerful enhancements that will take your forecasting and planning to the next level. One of the most exciting new features is the support for importing reporting schemes, tags, and report groups from Excel. This makes it […]
How to model Capacity Upgrade in pForecast
How to model Capacity Upgrade in pForecast A new video covering another corner case has been added to the section called Appendix A of the user manual. You normally need a shut-in period during the process of facility upgrading. Since the duration of the shut-in period is uncertain, the last day of the shut-in period […]